Chinese digital media group Focus Media has announced that the company and its subsidiary Allyes will implement a management buyout, acquiring a 38% stake in Allyes for USD13.3 million.
Chinese electronics-oriented B2C website 360buy.com has reached an acquisition agreement with Qianxun.com, a Korean-style apparel and accessories Internet shopping website.
Profits rose at the end of last year for Chinese online travel company Ctrip.com International Ltd. according to the company’s unaudited financial results announced today for the fourth quarter and the full year ended December 31, 2009.
Chinese search engine company Baidu has signed a strategic cooperation agreement with the municipal government of Shenzhen, marking the comprehensive launch of Baidu’s investment project in the city.
Chinese online media company Sohu.com Inc.’s revenues rose 12% year-on-year in the last quarter, according to its newly-reported unaudited financial results for the fourth quarter and fiscal year ended December 31, 2009.
Chunghwa Telecom, Trend Micro, Taiwan’s Industrial Technology Research Institute, and Taiwan’s Institute for Information Industry will jointly set up a cloud computing center and will invest NTD1 billion to establish a cloud computing company.
Shanda Games Limited announced over the weekend that Diana Li has resigned as the company’s chief executive officer and a member of the board of directors to pursue other interests.
Chinese e-commerce behemoth Alibaba Group is sparring with Yahoo, one of its partners, over statements Yahoo reportedly made last week about Google’s hacking situation.
Chinese online auction website Taobao.com has announced that Taobao Open Platform will spend CNY10 million to support the winners of its TOP Application Competition.
Chinese search engine firm Baidu Inc. is launching a new company to provide advertising-supported online video services in China.
